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USDJPY Approaches Multi-Year Trendlines

  • USDJPY is firm and the uptrend has accelerated today following a resumption of the uptrend Friday - the pair cleared former resistance at 112.08, Sep 30 high.
  • The break paves the way for further gains and places 113.41 on the radar.
  • This is a multi-year trendline resistance drawn from the December 1975 high.
  • A break would strengthen both the S/T and M/T bullish trend conditions.

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